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Jan 19, 2013
01/13
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i want to say one word about the debt ceiling. not many people understand what the debt ceiling is about. raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it doesn't create new deficits. it does not create new spending. so not raising the debt ceiling is sort of like a family, which is trying to improve its credit rating, shane, i know how we can improve our credit rating. we will pay your credit card bills. that is not the best way to improve your credit rating. all of these issues are important, but it is very important that congress take necessary action to raise the debt ceiling to avoid a situation where our government does not pay its bills. >> and number of people have expressed concern about how much of the chill news were addressed in the deal. it went part way, but it leaves a number of issues still on the table and negotiations are looming. would you characterize that as an additional cliff that is facing us? or is it not as concerned as it was
i want to say one word about the debt ceiling. not many people understand what the debt ceiling is about. raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it doesn't create new deficits. it does not create new spending. so not raising the debt ceiling is sort of like a family, which is trying to improve its credit rating, shane, i know how we can improve our credit rating. we will pay your credit card bills. that is not...
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Jan 19, 2013
01/13
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on the debt ceiling. not again. and today after months of insisting that the president really did have to negotiate with them on that, republicans gave up. david corn "showdown," the stand off the president faced with republicans. thanks for being here. >> good to be here, rachel. >> eric cantore said, yeah, we're going to give up, but only for three months. what did you make of that? >> i'm the last guy who wants to cause a spike in the vix, but, you know, there are a couple of things to think about here. i call this plan r for run away. but we know that john boehner often has had trouble with his various plans. plan b most notoriously, getting them approved, accepted and passed by his own house republicans. and cantore made a very declarative statement today. there already immediately were grumblings that some house republicans will go along with this i'm not sure that democrats will, too. it remains to be seen whether, indeed, john boehner and cantore can get passed what they want to do. then again this is just a
on the debt ceiling. not again. and today after months of insisting that the president really did have to negotiate with them on that, republicans gave up. david corn "showdown," the stand off the president faced with republicans. thanks for being here. >> good to be here, rachel. >> eric cantore said, yeah, we're going to give up, but only for three months. what did you make of that? >> i'm the last guy who wants to cause a spike in the vix, but, you know, there are...
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Jan 19, 2013
01/13
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meanwhile the problem break through on the debt ceiling. the house gop said they are considering raising the debt limit for three months, a vote is scheduled next week, more details on that in a bit. >>> today, of course is the last full day of president obama's first term and it's the national day of service. day for giving back. earlier today the president and first lady volunteered at a school in the washington, d.c. area, nbc's ron is standing by the national day of service day tent at the mall and you have a special guest there with you as well, good day to you, sir? >> reporter: hey there, craig. my special guest is being mobbed by the crowd behind me. it's the senior adviser to president obama. she will make her way here in a second. as she comes up, we will give her a big welcome. welcome, valerie. pleasure to see you. >> pleasure to be here. can you believe the crowd? it's amazing. >> reporter: the president and first lady created this to really hopefully make it a standing tradition for inaugurations going forward. >> not just ina
meanwhile the problem break through on the debt ceiling. the house gop said they are considering raising the debt limit for three months, a vote is scheduled next week, more details on that in a bit. >>> today, of course is the last full day of president obama's first term and it's the national day of service. day for giving back. earlier today the president and first lady volunteered at a school in the washington, d.c. area, nbc's ron is standing by the national day of service day...
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Jan 19, 2013
01/13
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FOXNEWS
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>> he already said he doesn't think anything should be tied to the debt ceiling. it's something you shouldn't play with the full faith and credit of the united states. what is interesting about this, coming out of the republican retreat that just occurred, there are some republicans within the republican house, republican caucus who actually agree with him on the sense that you don't play with the debt ceiling as the point to which to make cuts. there are other issues coming up like the continuing resolution and sequester cuts where they would like to make their last stand there for cutting getting spending cuts and allow on temporary extension without not much attached to it. >> heather: let's talk about the economy. the president starts his new term. less than 1% rate it as excellent. 9% say it's good shape. that is up a touch from his first inauguration but 91% of voters say economic conditions negatively today. why are we here again? >> you have to wonder. i point you back to november the conditions haven't changed all that much in two months. i would imagine
>> he already said he doesn't think anything should be tied to the debt ceiling. it's something you shouldn't play with the full faith and credit of the united states. what is interesting about this, coming out of the republican retreat that just occurred, there are some republicans within the republican house, republican caucus who actually agree with him on the sense that you don't play with the debt ceiling as the point to which to make cuts. there are other issues coming up like the...
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Jan 19, 2013
01/13
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CNNW
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you saw that, for example, in the debt ceiling fight. first debt ceiling fight in 2011, the president could not go to the brink, because he was worried if they went over the brink -- >> sure. >> -- economic downturn, you don't win. now you can take a harder line. on the other hand in a second term there's often the sense that you have a narrow window on domestic issues with congress, probably about a year, maybe two at the most to get things done and then your attention usually turns more to foreign policy. but the biggest thing is that 1600 pennsylvania avenue is kind of a dangerous neighborhood. if you hang around there long enough, the odds start going against you. often the second term has been very tough for presidents. we'll see if this one can avoid that precedent. >> never heard it described that way. dangerous neighborhood. dangerous territory. >> yes. >> ron brownstein, nice to see you this morning. thank you very much. >>> next hour, what are we missing? is there an issue that no one is talking about now that will define the p
you saw that, for example, in the debt ceiling fight. first debt ceiling fight in 2011, the president could not go to the brink, because he was worried if they went over the brink -- >> sure. >> -- economic downturn, you don't win. now you can take a harder line. on the other hand in a second term there's often the sense that you have a narrow window on domestic issues with congress, probably about a year, maybe two at the most to get things done and then your attention usually...
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Jan 19, 2013
01/13
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. >> you're also talking about the debt ceiling, three-month extension on that. >> the interesting development is that house republicans had a retreat in williamsburg and just came out with word they want to extend the debt ceiling for about two, three months because they don't -- they want to have a battle over spending with the president but not over the possibility of default. they know that would tank the economy. it would rile up the financial marks. i think they'll kick that down -- markets. i think they'll kick that down the road and have a fight over sequestration. one way or another they'll have a logger head with the president when it comes to cuts and dramatic spending. >> your power play of the week? >> reverend ruiz leon, the church of the president. i've lived in washington 30 plus years and never been inside the church, driven past it plenty. beautiful place. presidents have gone there since 1816. president obama will go there for his preinaugural worship service monday. >> speaking of inauguration, big plans for ask you? are you attending any balls? >> thank god, no. i'm way to
. >> you're also talking about the debt ceiling, three-month extension on that. >> the interesting development is that house republicans had a retreat in williamsburg and just came out with word they want to extend the debt ceiling for about two, three months because they don't -- they want to have a battle over spending with the president but not over the possibility of default. they know that would tank the economy. it would rile up the financial marks. i think they'll kick that...
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Jan 19, 2013
01/13
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a clean debt ceiling is the only way to go. when we get to march 2nd and the sequester deadline approaches again, we need to focus on a balanced debt ceiling focus. that's what this is about. the americans made a decision. they embrace president obama's idea that we should have revenue and closed tax loopholes for the wealthiest pay more and reduce spending in a balanced way. >> i think what people also hoped that they were voting for was the democrats and republicans would get in a room together and would cooperate. >> that's right. >> and what i think a lot of people are concerned are is we're not seeing that happening yet. this is supposed to be a day when we see everything reset and start over, but we have the same congress. ebb wants to know is this going to change, is there any hope for change? >> i'm full of hope. if think we have an opportunity to continue to reach across the aisle. i noe president obama and the republicans are willing to reach out. we cannot begin the second term with president obama's engaging in my w
a clean debt ceiling is the only way to go. when we get to march 2nd and the sequester deadline approaches again, we need to focus on a balanced debt ceiling focus. that's what this is about. the americans made a decision. they embrace president obama's idea that we should have revenue and closed tax loopholes for the wealthiest pay more and reduce spending in a balanced way. >> i think what people also hoped that they were voting for was the democrats and republicans would get in a room...